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Forex market reviews

20 May 2015

Commodities

Anna Bodrova

World Oil Prices Rising Fast

Oil prices in the first half of the day on Wednesday have been rising fast. A barrel of North Sea Brent Crude now costs $64.91 (+1.3%). A barrel of WTI on the market is selling for $58.74 (+1.2%). Market participants have quickly turned around the fall in the price of oil and are now re-establishing their positions.
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Market sessions

Vladislav Antonov

Eurobears Trying to Take Back Control of the Situation

On Tuesday the demand for the American dollar allowed its respective index (DXY) to rebound to 95.49. In the first half of the day the US dollar was supported by two representatives from the ECB, Christian Noyer and Benoit Coeur. They both announced the ECB’s readiness to extend its QE program into summer. Weak German Eurozone and UK data put even more pressure on the pound and the euro.
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19 May 2015

Market sessions

Vladislav Antonov

Euro Crashes on Announcements from ECB Representatives

Two representatives of the ECB, Christian Noyer and Benoit Coeur sent the euro to 1.1159. Coeur announced that the regulator could extend their QE program all the way until the beginning of summer for seasonal reasons. Noyer stated that the ECB could extend the QE program in order to achieve their 2% inflation target.
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Commodities

Anna Kokoreva

Brent Crude Could Fall to $64.8 per Barrel On Saudi Data

Today the oil quotes will continue to fall. The price of Brent could drop to $64.8, whilst WTI could hit $58.8 a barrel.
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Market sessions

Vladislav Antonov

Eurobears Covered Friday’s Growth

On Monday the calendar was empty, so the eurobulls ran from the market on the back of rumors that a Greek default is unavoidable. As soon as the euro/dollar approached 1.15, the Greek saga once again became the focus of traders’ attentions.
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